If the price for a given health care service is $500 and the contractual allowance is...
If the price for a given health care service is $500 and the contractual allowance is $150, what is the organization’s net revenue for the service? a. $150 b. $350 c. $500 d. $650
Homework Answers
* Net revenue of a organization for a given service
Price of the given care service = $ 500.
Contracual allowance = $ 150.
* Contracual allowance is the difference between price of a health care service by hospital and
amount they received as a payment for that service.
* So if the contracual allowance is $150
Payment received from the service = Price of the service - contractual allowance.
= $ 500 - $ 150
= $ 350
Net revenue for the service is d = $ 350
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